Jul 31 2010
Georgia-Pacific today announced that it has completed the acquisition of the Alabama River and Alabama Pine pulp mills located in Perdue Hill, Ala., from Parsons & Whittemore.
The purchase also includes Alabama River Woodlands, the tall oil plant, the biodiesel plant, the chip mills at Elba and Jackson's Gap, Ala., and a pulpwood yard at Demopolis, Ala. Terms of the deal were not disclosed.
GP Cellulose will operate the pulp facilities as a single Alabama River Cellulose mill, continuing to run both production lines manufacturing hardwood and softwood pulps. As announced earlier, a fluff conversion project currently under way will continue.
"We are excited about the completion of this acquisition and look forward to integrating the Alabama River Group operations into our GP Cellulose business," said Pat Boushka, president – GP Cellulose. "This is a great operation that will complement our existing mills. Our goal is for a seamless transition and we are confident this strategic investment will add long-term value for our business, our customers and the communities where we operate."
Source: http://www.gp.com/